The Other McCain

"One should either write ruthlessly what one believes to be the truth, or else shut up." — Arthur Koestler

Tomorrow’s Headlines Today

Posted on | June 16, 2010 | 5 Comments

Some things are predictable. Remember this headline?

Report: Bottom Falls Out of Housing
After First-Time Buyer Tax Credit Expires

That was two weeks ago. Today?

Housing starts drop to
five-month low in May

. . . Groundbreaking for single-family homes tumbled 17.2 percent to an annual rate of 468,000 units in May after a 5.6 percent increase in April. The percentage decline in May was the largest since January 1991 and snapped four months of gains.

As one of Instapundit’s readers observes:

“The problem with snatching sales from the future is that eventually the future arrives.”

OK, and what if government created a company whose business objectives were something other than making a profit?

Fannie Mae, Freddie Mac
to delist shares from NYSE

. . . Fannie Mae shares closed Tuesday at 92 cents, while Freddie Mac shares closed at $1.22.

The easiest prediction ever made? It was about Obamanomics:

It Won’t Work

That was December 2008.

Category: Economics, Uncategorized

Comments

5 Responses to “Tomorrow’s Headlines Today”

  1. Joe
    June 16th, 2010 @ 2:03 pm

    And you know something, that is not bad news. New home construction was anemic at best anyway. What we need is stablization of the existing housing inventory. Notice all those for sale signs around? The bargain hunters need to go find some bargains.

  2. Joe
    June 16th, 2010 @ 10:03 am

    And you know something, that is not bad news. New home construction was anemic at best anyway. What we need is stablization of the existing housing inventory. Notice all those for sale signs around? The bargain hunters need to go find some bargains.

  3. Mark J. Goluskin
    June 16th, 2010 @ 6:21 pm

    And one should note that whenever there is bad economic news, it is “unexpected”. UNEXPECTED?! When you try failed Keynesian ways to jump-start the economy, it will always fail. Also remember, the left’s solution. More Keynes. November can not come soon enough!

  4. Mark J. Goluskin
    June 16th, 2010 @ 2:21 pm

    And one should note that whenever there is bad economic news, it is “unexpected”. UNEXPECTED?! When you try failed Keynesian ways to jump-start the economy, it will always fail. Also remember, the left’s solution. More Keynes. November can not come soon enough!

  5. Rightwing Links (June 16, 2010)
    June 16th, 2010 @ 10:16 pm

    […] Tomorrow’s Headlines Today […]